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Hong Kong: Stocks open up on Yellen comments

40993766 - 30_12_2016 - HONG KONG-ECONOMY-STOCKS.jpg

[HONG KONG] Hong Kong shares resumed their rally on Wednesday as investors globally were boosted after Federal Reserve chief Janet Yellen indicated the bank could lift interest rates as soon as next month.

The Hang Seng Index gained 0.63 per cent, or 150.15 points, to 23,853.16.

But the benchmark Shanghai Composite Index dipped 0.08 per cent, or 2.47 points, to 3,215.46 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, inched down 0.06 per cent, or 1.26 points, to 1,963.06.

AFP

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